Property summary
This exceptional opportunity presents two available restaurant spaces within the Arctic Club Hotel, a prominent building totaling 104,352 square feet. Located at 700 3rd Ave in the heart of Downtown Seattle, WA 98104, this property offers unparalleled access to Seattle's vibrant culinary scene. The spaces range from 2,042 to 3,000 square feet, providing flexibility for various restaurant concepts. The building's prime location places it adjacent to Seattle's first proposed supertall… skyscraper, ensuring high visibility and foot traffic. Furthermore, its proximity to Seattle's thriving tech startup community, popular restaurants, Lumen Field, T-Mobile Park, and the Seattle Waterfront guarantees a diverse and substantial customer base. The estimated net operating expenses are $13.00 per square foot. This is a rare chance to establish a successful restaurant in one of Seattle's most desirable and high-traffic areas. King County location provides access to a large and diverse population. Please note that employees should not be disturbed.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
9 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 104,352 SF
- Lot area
- 0.33 ac
- Year built
- 1916
- Stories
- 10
- APN
- 094200-0610
- Zoning
- DOC1 U/450/U
- Assessed value · 2022
- $38,458,700
- Annual tax · 2022
- $314,949
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
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- Cap Rate Calculation
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- Alternative use
- Local Zoning Insight
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